Legal AI glossary
Data room
A secure repository in which documents are shared with buyers and advisers during a transaction.
What Data room means
A virtual data room holds the documents a seller makes available for due diligence: contracts, accounts, corporate records and policies, usually organised into folders and with access controlled per user.
Reviewing a data room means reading many documents against the same questions, which is where structured, document-by-document review helps.
Frequently asked questions
What is Data room?
A secure repository in which documents are shared with buyers and advisers during a transaction.
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